Regulatory Alerts2026-07-12
Added · Updated
Central Bank of Jordan Guidelines for Bank Licensing
The Central Bank of Jordan establishes mandatory licensing standards and application procedures for new banking institutions under Banking Law No. (28) of 2000. Applicants must demonstrate shareholder solvency, with major shareholders holding at least 5% of capital, and provide detailed operational plans, projected financial data for five years, and comprehensive internal control policies. The Board of Directors and senior management must possess a minimum of five years of experience and meet strict integrity and competency criteria. Foreign bank branches require prior consent from their home country supervisor, and the Central Bank reserves the right to reject applications that fail to meet these specific operational, financial, and governance requirements.